The Philippines continues to traverse an upward trend of economic gains, as it climbed 12 notches to reach the 58th spot in The Heritage Foundation’s 2017 Index of Economic Freedom (IEF), from 70th among all ranked countries the year before. With an overall score of 65.6 (up from 63.1 in 2016), the Philippines maintains its stature as a moderately free economy—one that provides an institutional environment where individuals, as well as private enterprises, benefit from at least a modest degree of economic freedom in seeking greater competitiveness, prosperity, and growth.

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Title: 2018 Ease of Doing Business Index by the World Bank
Researcher: John Emmanuel B. Villanueva